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Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex. Go to Source Powered by WPeMatico
The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. Go to Source Powered by WPeMatico
The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t adversely impact financial stability. Go to Source Powered by WPeMatico
The new cross-border remittance corridor will be hosted on the Stellar blockchain and serve around 600 million customers Go to Source Powered by WPeMatico
Launched in late 2020, Cambodia’s digital money project Bakong reached 200,000 users in June, doubling from three months earlier. Go to Source Powered by WPeMatico
Dr. Arak Sutivong, CEO of SCB 10X, believes DeFi requires a framework for long-term and sustainable interactions with traditional finance. Go to Source Powered by WPeMatico
Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape. Go to Source Powered by WPeMatico
On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA Warning The Financial … Read more
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. The Bank of Thailand (BOT), the country’s central bank, issued a warning notice titled … Read more
The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose “extensive risks to the general public or the economic and financial system.” Go to Source Powered by WPeMatico
